Our Funds

Our Approach

At First Eagle, we believe there is no single right way to achieve the same investment goals. In fact, we believe it is in the best interests of our clients to offer funds that employ different approaches--as long as they remain true to the long-held investment principles of First Eagle Investment Management.

These principles include in-depth fundamental analysis, a flexible, benchmark-agnostic approach, a focus on absolute returns, and attempting to avoid the permanent impairment of capital. View current monthly and quarterly performance information to see our results.

Global Fund (%)

as of 06/30/2020
CLASS ASGENX
CLASS CFESGX
CLASS ISGIIX
CLASS R3EARGX
CLASS R4EAGRX
CLASS R5FRGLX
CLASS R6FEGRX
Morningstar CategoryWorld Allocation
Class A shares rated four stars overall by Morningstar among 399 World Allocation funds for the 3-, 5-, and 10-year periods ended 06/30/2020 based on risk-adjusted return.
Lipper ClassificationFlexible Portfolio Funds
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Overseas Fund (%)

as of 06/30/2020
CLASS ASGOVX
CLASS CFESOX
CLASS ISGOIX
CLASS R3EAROX
CLASS R4FIORX
CLASS R5FEROX
CLASS R6FEORX
Morningstar CategoryForeign Large Blend
Class A shares rated five stars overall by Morningstar among 648 Foreign Large Blend funds for the 3-, 5- and 10-year periods ended 06/30/2020 based on risk-adjusted return.
Lipper ClassificationInternational Multi-Cap Core
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U.S. Value Fund (%)

as of 06/30/2020
CLASS AFEVAX
CLASS CFEVCX
CLASS IFEVIX
CLASS R3EARVX
CLASS R4FIVRX
CLASS R5FERVX
CLASS R6FEVRX
Morningstar CategoryLarge Blend
Class A shares rated two star overall by Morningstar among 1,230 Large Blend funds for the 3-, 5- and 10-year periods ended 06/30/2020 based on risk-adjusted return.
Lipper ClassificationMulti-Cap Core
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Gold Fund (%)

as of 06/30/2020
CLASS ASGGDX
CLASS CFEGOX
CLASS IFEGIX
CLASS R3EAURX
CLASS R4FIURX
CLASS R5FERUX
CLASS R6FEURX
Morningstar CategoryEquity Precious Metals
Class A shares rated four stars overall by Morningstar among 60 Equity Precious Metals funds for the 3-, 5- and 10-year periods ended 06/30/2020 based on risk-adjusted return.
Lipper ClassificationPrecious Metals
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Global Income Builder Fund (%)

as of 06/30/2020
CLASS AFEBAX
CLASS CFEBCX
CLASS IFEBIX
CLASS R3FBRRX
CLASS R4FIBRX
CLASS R5EABRX
CLASS R6FEBRX
Morningstar CategoryWorld Allocation
Class A shares rated three stars overall by Morningstar among 399 World Allocation funds for the 3- and 5-year periods ended 06/30/2020 based on risk-adjusted return.
Lipper ClassificationFlexible Portfolio Funds
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High Income Fund (%)

as of 06/30/2020
CLASS AFEHAX
CLASS CFEHCX
CLASS IFEHIX
CLASS R3EARHX
CLASS R4FIHRX
CLASS R5FERHX
CLASS R6FEHRX
Morningstar CategoryHigh Yield Bond
Class I shares rated three stars overall by Morningstar among 639 High Yield Bond funds for the 3-, 5- and 10-year periods ended 06/30/2020 based on risk-adjusted return.
Lipper ClassificationHigh Yield Funds
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Fund of America (%)

as of 06/30/2020
CLASS AFEFAX
CLASS CFEAMX
CLASS IFEAIX
CLASS YFEAFX
CLASS R3EARFX
CLASS R4EAFRX
CLASS R5FERFX
CLASS R6FEFRX
Morningstar CategoryMid-Cap Blend
Class Y shares rated two stars overall by Morningstar among 370 Mid-Cap Blend funds for the 3-, 5- and 10-year periods ended 06/30/2020 based on risk-adjusted return.
Lipper ClassificationMulti-Cap Core
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Portfolio holdings are subject to change and should not be considered a recommendation to buy or sell securities. Current and future portfolio holdings are subject to risk.

As of September 1, 2005, Class Y Shares of First Eagle Fund of America are closed to new accounts.

Global, Overseas, Gold, Global Income Builder, Fund of America and High Income Funds: There are risks associated with investing in securities of foreign countries, such as erratic market conditions, economic and political instability and fluctuations in currency exchange rates.

Global, Overseas, U.S. Value, Global Income Builder and Fund of America Funds: The principal risk of investing in value stocks is that the price of the security may not approach its anticipated value or may decline in value.

Global, Overseas, U.S. Value, Global Income Builder Funds: Investment in gold and gold related investments present certain risks, and returns on gold related investments have traditionally been more volatile than investments in broader equity or debt markets.

High Income and Global Income Builder Funds: High yield securities (commonly known as "junk bonds") which are generally considered speculative because they may be subject to greater levels of interest rate, credit (including issuer default) and liquidity risk than investment grade securities and may be subject to greater volatility. The Funds invest in high yield securities that are non-investment grade. High yield, lower rated securities involve greater price volatility and present greater risks than high rated fixed income securities. High yield securities are rated lower than investment-grade securities because there is a greater possibility that the issuer may be unable to make interest and principal payments on those securities.

High Income and Global Income Builder Funds: Investments in bonds are subject to interest-rate risk and can lose principal value when interest rates rise. Bonds are also subject to credit risk, in which the bond issuer may fail to pay interest and principal in a timely manner, or that negative perception of the issuer's ability to make such payments may cause the price of that bond to decline.

High Income and Global Income Builder Funds: Bank loans are often less liquid than other types of debt instruments. There is no assurance that the liquidation of any collateral from a secured bank loan would satisfy the borrower's obligation, or that such collateral could be liquidated.

Global Income Builder and Fund of America Funds: Income generation is not guaranteed. If dividend paying stocks in the Fund's portfolio stop paying or reduce dividends, the fund's ability to generate income will be adversely affected.

Gold Fund: Funds whose investments are concentrated in a specific industry or sector may be subject to a higher degree of risk than funds whose investments are diversified and may not be suitable for all investors.

Global, Overseas, U.S. Value, Gold, Global Income Builder, High Income and Fund of America Funds: All investments involve the risk of loss.

Fund of America: Effective August 17, 2020, the Fund changed its investment objective and principal investment strategy.  In addition, effective August 17, 2020, the Fund is subject to different (generally lower) fees and expenses than previously. Under the prior objective and strategy, the Fund's portfolio and investment characteristics differed substantially from that now presented.  All investment performance shown for periods through August 17, 2020 is based on the prior investment strategy and the fees and expenses applicable to the Fund at such time. Current management is also as of August 17, 2020.

During the transition of the Fund to its new investment objective and principal investment strategies, it is expected that the Fund will not be as invested in income producing securities as will be the case once the transition is complete. The Fund may be subject to a “ramp-up” period, during which it may not be fully invested or able to meet its investment objective or principal investment strategies.

The value of the Fund’s portfolio holdings may fluctuate in response to events specific to the companies or markets in which Fund of America invests, as well as economic, political, or social events in the United States or abroad. Recent market conditions and events, including a global public health crisis and actions taken by governments in response, may exacerbate volatility. The value of the Fund’s portfolio may fluctuate in response to the risk that the prices of equity securities, including common stock, rise and fall daily. These price movements may result from factors affecting individual companies, industries or the securities market as a whole. In addition, equity markets tend to move in cycles, which may cause stock prices to fall over short or extended periods of time.

Investments in bonds are subject to interest-rate risk (including during periods of historically low interest rates) and can lose principal value when interest rates rise. Bonds are also subject to credit risk, in which the bond issuer may fail to pay interest and principal in a timely manner, or that negative perception of the issuer’s ability to make such payments may cause the price of that bond to decline. Recent market conditions and events, including a global public health crisis and actions taken by governments in response, may exacerbate these risks.

The Fund is a non-diversified mutual fund, and as a result, an investment in Fund of America may expose your money to greater risks than if you invest in a diversified fund.

Gold Fund: Investment in gold and gold related investments present certain risks, including political and economic risks affecting the price of gold and other precious metals like changes in U.S. or foreign tax, currency or mining laws, increased environmental costs, international monetary and political policies, economic conditions within an individual country, trade imbalances and trade or currency restrictions between countries. The price of gold, in turn, is likely to affect the market prices of securities of companies mining or processing gold, and accordingly, the value of investments in such securities may also be affected. Gold related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold related investments have traditionally been more volatile than investments in broader equity or debt markets. Investment in gold and gold related investments may be speculative and may be subject to greater price volatility than investments in other assets and types of companies. Funds whose investments are concentrated in a specific industry or sector may be subject to a higher degree of risk than funds whose investments are diversified and may not be suitable for all investors.

Global, Overseas, U.S. Value, Gold, Global Income Builder, High Income and Fund of America Funds: All investments involve the risk of loss.

2020 Morningstar, Inc.© All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Ratings are relative to a peer group and do not necessarily mean that the fund had high total returns. For each fund with at least a three-year history, Morningstar calculates Morningstar RatingTM based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)

First Eagle Global Fund Morningstar ratings – World Allocation Category; A Shares: Overall: 4 stars/399 funds, Three-year rating: 3 stars/399 funds. Five-year rating: 4 stars/342 funds. Ten-year rating: 5 stars/207 funds. C Shares: Overall: 4 stars/399 funds, Three-year rating: 3 stars/399 funds. Five-year rating: 4 stars/342 funds. Ten-year rating: 5 stars/207 funds. I Shares: Overall; 3 stars/399 funds, Three-year rating: 3 stars/399 funds. Five-year rating: 3 stars/342 funds. Ten-year rating: 3 stars/207 funds. Different share classes may have different ratings.

 

 

First Eagle Overseas Fund Morningstar ratings – Foreign Large Blend Category; A Shares: Overall:  5 stars/648 funds, Three-year rating: 4 stars/648 funds. Five-year rating: 4 stars/519 funds. Ten-year rating: 5 stars/364 funds. C Shares: Overall:  5 stars/648 funds, Three-year rating: 4 stars/648 funds. Five-year rating: 5 stars/519 funds. Ten-year rating: 5 stars/364 funds.  I Shares: Overall: 4 stars/648 funds, Three-year rating:4 star/648 funds. Five-year rating: 4 stars/519 funds. Ten-year rating: 4 stars/364 funds. Different share classes may have different ratings.

First Eagle U.S. Value Fund Morningstar ratings – Large Blend Category; A Shares: Overall rating: 2 stars/1,230 funds, Three-year rating: 2 stars/1,230 funds. Five-year rating: 2 star/1,058 funds. Ten-year rating: 1 stars/806 funds. C Shares: Overall rating: 2 stars/1,230 funds, Three-year rating: 2 stars/1,230 funds. Five-year rating: 2 star/1,058 funds. Ten-year rating: 1 stars/806 funds I Shares: Overall rating: 2 stars/1,230 funds, Three-year rating: 2 stars/1,230 funds. Five-year rating: 2 star/1,058 funds. Ten-year rating: 1 stars/806 funds. Different share classes may have different ratings.

   

First Eagle Gold Fund Morningstar ratings – Equity Precious Metals Category; A Shares: Overall rating: 5 stars/60 funds, Three-year rating: 4 stars/60 funds, Five-year rating: 4 stars/59 funds, Ten-year rating: 5 stars/45 funds. C Shares: Overall rating: 5 stars/60 funds, Three-year rating: 4 stars/60 funds, Five-year rating: 4 stars/59 funds, Ten-year rating: 5 stars/45 funds. I Shares: Overall rating: 5 stars/60 funds, Three-year rating: 4 stars/60 funds, Five-year rating: 4 stars/59 funds, Ten-year rating: 5 stars/45 funds.  Different share classes may have different ratings.

 

First Eagle Fund of America Morningstar ratings – Mid-Cap Blend Category; A Shares: Overall: 2 stars/370 funds, Three-year rating: 2 stars/370 funds, Five-year rating 2 stars/296 funds, Ten-year rating: 2 stars/216 funds. C Shares: 2 stars/370 funds, Three-year rating: 2 stars/370 funds, Five-year rating 2 stars/296 funds, Ten-year rating: 2 stars/216 funds. Y Shares: Overall: 3 stars/363 funds, Three-year rating: 2 stars/363 funds. Five-year rating: 2 stars/288 funds. Ten-year rating: 3 stars/216 funds. I Shares:  2 stars/370 funds, Three-year rating: 2 stars/370 funds, Five-year rating 2 stars/296 funds, Ten-year rating: 2 stars/216 funds. Different share classes may have different ratings

First Eagle High Income Fund Morningstar ratings – High Yield Bond Category; A Shares: Overall: 2 stars/639 funds, Three-year rating: 3 stars/639 funds, Five-year rating: 2 stars/546 funds, Ten-year rating 2 stars/346 funds. C  Shares: Overall: 1 star/639 funds, Three-year rating: 2 stars/639 funds, Five-year rating 1 stars/546 funds, Ten-year rating 1 stars/346 funds.  I Shares: Overall: 3 star/639 funds, Three-year rating: 3 stars/639 funds, Five-year rating 2 stars/546 funds, Ten-year rating 3 stars/346 funds. Different share classes may have different ratings.

 

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